Fantastic business opportunity Licensed Post Office and Full News waterside for sale Located in the Port Stephens Area of Newcastle NSW.
Prominent Shopping Strip Center location being the heart of this community.
Adjusted Net Profit for Husband and wife with some casual labour $200,000 plus in 2021/2022 financial year. Trading only 5 days plus Saturday 7.30am to 12pm and Sunday 7.30 am to 11am.
Lease 5 years with 5 year option from 8th August 2021. . Rent including no outgoings 2021/2022 $50,400p.a. PO Boxes leased as of June 2022 200 approx. Run by long term owners, this office is a very good business opportunity for the right LPO Licensee with growth driven by location and convenience and a large well appointed shop.
Key points.
1. Growing under the new AP payment scheme with increasing profitability.
2. Sound Financials.
3. Shop is large and well appointed
4. One owner for over 20 years.
5. Trading 5 days per week plus Saturday and Sunday mornings
6. Services a diverse residential and business area in a beautiful waterside location.
7. Secure lease on affordable lease terms.
8. Close to transport and parking.
9. Significant opportunity for the right owner manager.
10. Large shop at very reasonable rent.
11. Net for owner operator 2021/2022 over $200,000
12. Purchase Price $695,000 plus Stock at Valuation about $80,000.
13. Trading hours 7am to 5pm Monday to Friday . 7.30am am to 12pm Saturday and 7.30 am to 11am Sunday
14. Over 200 PO Boxes currently leased.
15. Significant Residential development underway and continuing.
Financial details.
Australia Post Commissions 2020/2021 $132,538.45 2021/2022 $135,455.59 incl GST. 2023/2024 $132,379.93 incl GST
Lotto Commissions 2020/2021 $91,161.34 and $102,836.93 in 2021/2022 Net of GST. Lotto Commission 2023/2024 $ 119,986.70 Net of GST
Adjusted Net for one in 2021/2022 financial year is over $200,000.00
Please note: Complete financials are available conditional on the prospective purchaser;
1. Establishing capacity to purchase and finance availability.
2. Establishing genuine interest.
3. Meeting the vendors and inspecting the business.
4. Demonstrating their ability to meet Australia Posts assignment approval requirements.
Guidance and assistance is available in order to meet these conditions.
